1. This trend continuation is base on very weak AUD economy.
2. and, a strong uptrend base on monthly/weekly chart where only green candle is form.
3. as well as, intermediated price action in daily candle as point out near Purple Box.
4. including, prince pulse expectation as point by Blue Box.
Setup configuration ::
(As point by Purple box)
This number come from a series of daily candle as point in the Purple Box area. Where many candle are form together, and following by "Bullish Engulfing".
(As point by Red Box)
This number come from the last peak, and numeral smaller peak under its. Price rejection since price passed this line and above it many times ( Long spiky wick on when price get near this level ). ( If price "go below" this level it mean there is not "up trend" anymore. and long positions should be exited)
(As point by Orange Box)
This number come from price since year 2008.